Research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T15:40:56+00:00Agency Costs, Risk Shocks and International Cycles
https://www.bankofcanada.ca/2016/01/staff-working-paper-2016-2/
We add agency costs as in Carlstrom and Fuerst (1997) into a two-country, two-good international business-cycle model. In our model, changes in the relative price of investment arise endogenously.2016-01-21T11:27:07+00:00enAgency Costs, Risk Shocks and International Cycles2016-01-21Business fluctuations and cyclesInternational topicsStaff Working Paper 2016-2https://www.bankofcanada.ca/wp-content/uploads/2016/01/swp2016-2.pdfAgency Costs, Risk Shocks and International CyclesMarc-André LetendreJoel WagnerJanuary 2016EE2E22E3E32E4E44FF4F44Reconciling the Differences in Aggregate U.S. Wage Series
https://www.bankofcanada.ca/2016/01/staff-working-paper-2016-1/
Average hourly real wage series from the Labor Productivity and Costs (LPC) program and the Current Employment Statistics (CES) program have evolved very differently over the past decades.2016-01-21T11:09:15+00:00enReconciling the Differences in Aggregate U.S. Wage Series2016-01-21Business fluctuations and cyclesLabour marketsStaff Working Paper 2016-1https://www.bankofcanada.ca/wp-content/uploads/2016/01/swp2016-1.pdfReconciling the Differences in Aggregate U.S. Wage SeriesJulien ChampagneAndré KurmannJay StewartJanuary 2016EE0E01E2E24E3E30JJ3J30Extending the Labour Market Indicator to the Canadian Provinces
https://www.bankofcanada.ca/2016/01/staff-discussion-paper-2016-2/
Calculating the labour market indicator (LMI) at the provincial level provides useful insights into Canada’s regional economies and reveals differing trends in the state of underlying labour market conditions across provinces. Conclusions based on the Canadian LMI do not necessarily translate to the provinces. In most cases, the correlations between the provincial LMIs and the underlying labour market variables have the expected sign.2016-01-20T10:01:22+00:00enExtending the Labour Market Indicator to the Canadian Provinces2016-01-20Labour marketsRecent economic and financial developmentsStaff Discussion Paper 2016-2https://www.bankofcanada.ca/wp-content/uploads/2016/01/sdp2016-2.pdfExtending the Labour Market Indicator to the Canadian ProvincesAlexander FritscheKatherine RaganJanuary 2016EE2E24E27JJ2J21J23A New Measure of the Canadian Effective Exchange Rate
https://www.bankofcanada.ca/2016/01/staff-discussion-paper-2016-1/
Canada’s international competitiveness has received increasing attention in recent years as exports have fallen short of expectations and Canada has lost market share. This paper asks whether the Bank of Canada’s current effective exchange rate measure, the CERI, is still an accurate measure of Canada’s international competitiveness.2016-01-20T10:00:43+00:00enA New Measure of the Canadian Effective Exchange Rate2016-01-20Exchange ratesInternational topicsStaff Discussion Paper 2016-1https://www.bankofcanada.ca/wp-content/uploads/2016/01/sdp2016-1.pdfA New Measure of the Canadian Effective Exchange RateRussell BarnettKaryne B. CharbonneauGuillaume Poulin-BellisleJanuary 2016FF1F3F31The Complex Adjustment of the Canadian Economy to Lower Commodity Prices
https://www.bankofcanada.ca/2016/01/staff-analytical-note-2016-1/
In this analytical note, we provide a comprehensive assessment of the complex structural adjustment facing the Canadian economy following the commodity price decline since mid-2014. We quantify separately the impacts coming from the commodity sector restructuring and the broader effect of significantly lower terms of trade.2016-01-20T10:00:28+00:00enThe Complex Adjustment of the Canadian Economy to Lower Commodity Prices2016-01-20